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Listing Courtesy of: Mason McCullough - Bridgewater Realty Advisors, LLC 504-901-0463

$899,000

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5636 JUDGE PEREZ Drive Violet, LA 70092

General Commercial Residence

Beds

Baths

9,400 Sq. Ft.

Property Activity

Time on Site

days

Days on Market

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Last updated on 9/25/2024 6:07 AM

Listing Details

ONLY 1 VACANT UNIT! Current monthly gross income is $12,084. Introducing 5636-38 E. Judge Perez Drive, a mixed- use commercial/residential property located in Violet, LA. This well-maintained 14-unit building consists of (7) 1 Bedroom 1 Bathoom units on the second floor and (7) commercial units on t...he ground floor. The convenience store located in the front of the building occupies (3) of the commercial units with a monthly rent of $3,000. Building has a NEW ROOF that was put on in 2023. Currently, rents are positioned below the local market rates, leaving room for a new owner to strategically increase rental income without the need for extensive renovations. Rents on the second story residential units have been raised from $700 to $800 and for units A & B the rent has been increased to $1,147 per month. The market rate for the commercial units is $1,000 per month with the end cap taking up 3 spaces for $3,000 per month. For added convenience, ample off-street parking is available, eliminating the hassle of finding a parking spot and enhancing the overall living experience. In sum, 5636-38 E. Judge Perez Drive represents an extraordinary investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio. Continue reading

MLS#

2448750

Property Type

General Commercial

Year Built

2005

Square Feet

9,400 sq. ft